My fiance and I are refinancing our maisonette in Castle Vale with Kent Reliance. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the Kent Reliance conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Kent Reliance. This is solely used to protect Kent Reliance if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Kent Reliance had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
At what point will exchange of contracts take place for sale conveyancing in Castle Vale and am I required to be at the conveyancers branch?
Where you are round the corner to one of the conveyancing solicitors in Castle Vale you are invited in to sign the paperwork. That being said, the firms we work with provide a nationwide conveyancing service and give as equally detailed and professional a job for you when communicating with you digitally. The executing of the purchase agreement is not the point of no return. Signing on the dotted line is necessary for the conveyancer to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Castle Vale)to be in the office available at the end of the phone to exchange contracts.
What is the optimum way to discover of the solicitor carrying out my conveyancing in Castle Vale is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Virgin Money thus spending £187.00 plus VAT in supplemental conveyancing bill.
Please do make the most of the search tool on this web page. Pick the mortgage company and type ‘Castle Vale’ or your preferred area and you will see numerous conveyancers located in Castle Vale or near you.
Will our conveyancer be asking questions regarding flooding during the conveyancing in Castle Vale.
The risk of flooding is if increasing concern for solicitors dealing with homes in Castle Vale. Plenty of people will purchase a house in Castle Vale, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, but there are a numerous checks that can be undertaken by the purchaser or by their solicitors which should give them a better understanding of the risks in Castle Vale. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the seller to find out if the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the seller, then a buyer may issue a legal claim for losses as a result of such an incorrect response. The purchaser’s solicitors will also commission an environmental report. This will disclose whether there is any known flood risk. If so, additional investigations will need to be conducted.
I am planning to sell a garage which is on a separate legal title with the land registry asking for 30k, to clear debts. There is a mortgage with Barclays. Can you refer me to a cheapish lawyer as the standard £800-1000 reduces the return somewhat. Although I live in Castle Vale I dont need to use a Castle Vale conveyancing practitioner.
LenderPanel.com is limited to being a directory service for lawyers who wish to be listed as being on the approved conveyancing panel for Barclays in certain areas for example Castle Vale . We dont recommend any particular conveyancer.